If a baseball player was on a hot home run streak, and faced a pitcher who threw nothing but fastballs straight down the plate, wouldn't you be upset if the slugger let two perfectly good pitches go without swinging for the fences? If the batter struck out, would you walk out in disgust, or wonder which bookie paid off that batter?
The two issues dominating the "fiscal cliff" discussion have been the left's push to end the Bush tax cuts for the wealthiest 2 percent, and the right's push to cut Social Security and Medicare benefits, which they and the mainstream media punditocracy dubiously refer to as "entitlements." But the Democrats are whiffing on the biggest issue that hasn't gotten any press -- corporate tax loopholes and Wall Street speculation. The only "entitlements" we should be talking about cutting are the billions of dollars in corporate profits we're allowing to be offshored to tax-free bank accounts in the Channel Islands, and Wall Street traders making risky, tax-free speculative bets. Whatever bad deal this lame duck Congress makes, can and should be undone by the 113th Congress.
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